John Paulson posted first quarter gains in all his funds despite March losses.

The Paulson Advantage Plus Fund, a leveraged event-driven strategy, shed 7.4% on the month, cutting its year-to-date gains to 2.6%, according to Reuters.

Paulson & Co.'s leveraged merger-arbitrage fund, Paulson Partners Enhanced, lost 6.1% in March, leaving it up 2.4% year to date. Both losses were apparently attributable to gold, a favorite Paulson investment.

The Paulson Credit Fund fell 2.5% in March while the Paulson Recovery Fund dipped 0.5%, leaving both up 5% year-to-date, according to Reuters.